2 citations · 4 across the 3 of their papers we have counts for
11 papers
What Drives the (In)stability of a Stablecoin?
Yujin Kwon, Kornrapat Pongmala, Kaihua Qin +5
In May 2022, an apparent speculative attack, followed by market panic, led to the precipitous downfall of UST, one of the most popular stablecoins at that time. However, UST is not…
Oracle Counterpoint: Relationships between On-chain and Off-chain Market Data
Zhimeng Yang, Ariah Klages-Mundt, Lewis Gudgeon
We investigate the theoretical and empirical relationships between activity in on-chain markets and pricing in off-chain cryptocurrency markets (e.g., ETH/USD prices). The motivati…
Designing Autonomous Markets for Stablecoin Monetary Policy
Ariah Klages-Mundt, Steffen Schuldenzucker
We develop a new type of automated market maker (AMM) that helps to maintain stability and long-term viability in a stablecoin. This primary market AMM (P-AMM) is an autonomous mec…
Decentralized Governance of Stablecoins with Closed Form Valuation
Lucy Huo, Ariah Klages-Mundt, Andreea Minca +2
We model incentive security in non-custodial stablecoins and derive conditions for participation in a stablecoin system across risk absorbers (vaults/CDPs) and holders of governanc…
Optimal Intervention in Economic Networks using Influence Maximization Methods
Ariah Klages-Mundt, Andreea Minca
We consider optimal intervention in the Elliott-Golub-Jackson network model \cite{jackson14} and we show that it can be transformed into an influence maximization-like form, interp…
SoK: Decentralized Finance (DeFi)
Sam M. Werner, Daniel Perez, Lewis Gudgeon +3
Decentralized Finance (DeFi), a blockchain powered peer-to-peer financial system, is mushrooming. Two years ago the total value locked in DeFi systems was approximately 700m USD, n…